Bruce L. Gordon

BRUCE L. GORDON Gordon Group, Inc. 256-566-1776

University of North Alabama finance professor Bruce Gordon's answer may surprise some.

"Don't worry about a day like today," Gordon said, within an hour after the New York Stock Exchange closed Tuesday."Just go fishing."

Gordon was only partially jesting, but his point was clear: The stock market has always been a good investment in the long haul, and he sees no reason why that would change.

"The market is very stable in the long run, but very emotional in the short run," Gordon said.
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Gordon said many analysts had been braced for a market drop.He said the United States had been in such a bull market, which is when stock prices are on the rise, for the past two years that a drop was bound to happen eventually to balance that.

There had been talk of a correction in China and the United States, he said.The surprise is that it turned out to be so sharp.

"The worst thing people can do is panic and sell when something like this happens, because they're just locking in their loss," Gordon said.

He said the best advice he has for days like Tuesday is to walk away from market news for the day.

He mentioned the Crash of 1987, which also was 400 to 500 points, but a larger percentage than Tuesday's, because the Dow Jones average wasn't as high.That drop was temporary.

"Things that happen in 10-minute intervals aren't really reflective of the value of the stock, it's reflective of things going on at the time," he said."If you look at the data from 1900, it's almost impossible to find a five-year period where you lost money in the market, even including the Great Depression."

He agrees others should follow Johnson's lead and consider this as a time to invest, while prices are low, on the heels of Tuesday's decline.

"It's just like a department store sale," Gordon said.

Bruce Gordon (University of North Alabama),

Gordon Group Mortgage is owned by Bruce and Diane Gordon and has been in business since 1996.
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Bruce Gordon has a B.S. in finance from Jacksonville State University, an M. A. in finance from the University of Alabama, and a Ph.D. in finance and real estate from the University of North Texas.Bruce is a licensed real estate broker, certified general real state appraiser, and is an expert in real estate financing.Bruce has earned the prestigious CRB (Certified Real Estate Brokerage Manager) and e-PRO Internet Professional designations.He was chosen as one of the first 500 professionals in the county to be granted the e-PRO designation.brucegordon@gordon-group.com

Bruce L. Gordon, University of North Alabama

Bruce Gordon 614 East Street Moulton, AL 35650 (256) 974-9261/(256)974-5815

BRUCE L. GORDON GORDON GROUP, INC 256-566-1776
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BRUCE L. GORDON

Phone: 256-566-1776Office: 256-974-9261Cell: 256-566-1776

While the current low rates offer a prime opportunity for young homebuyers, many are too far in debt to take advantage of them, said Bruce Gordon, owner of Gordon Group Mortgage and Gordon Group Real Estate.

"There are a lot of young people out there who don't seem to realize how important it is to take care of their credit," he said."They think they can be a little late here and there as long as they get it paid off."

Gordon, who is also a finance professor at the University of North Alabama, said he has helped young homebuyers who have their finances in order, but he also has helped those who are not as prepared.

"Their debt-to-income ratios are just way out of whack," he said."Frequently, you'll see they've got a boat and a four-wheeler, but they just can't buy a house.

"It's sort of a rude awakening for them."

Bruce GordonMeet Bruce Gordon

Meet Bruce Gordon

Hello, I'm Bruce Gordon, owner and broker of the Gordon Group.Welcome to our home

Call me today and I'll make put my team to work for you.Whether you are selling a property or looking for the perfect home, land, or commercial property, I'll make sure that we meet your needs.

Bruce was selected as one of the first 500 Realtors in the United States to be able to earn the E-Pro designation.An E-Pro has proven their abilities to transact their abilities over the Internet.